Ismael Benhamida

Camille Gardens is an incredible 12-unit apartment complex nestled in the pride of ownership Cuesta Park neighborhood consisting of mostly single family homes. The subject property is located one block south of El Camino Real at 366 Camille Court and is walking distance to the Downtown Mountain View Caltrain Station and Downtown Mountain with its dozens of boutiques and restaurants. The property consists of two six-unit buildings situated on one parcel and all twelve units are one-bedroom/one-bathroom with vaulted ceilings. Current ownership of 13 years has consistently improved and maintained the property. All units have hardwood and slate floors, upgraded bathrooms and kitchens, and dual pane windows. Additionally, the property received a new 50-year PVC roof in 2017, a new carport in 2018, and new driveway pavement in 2019. Each unit has individual water heaters, which lowers the owner's utility expenses, and each unit has full access to an off-street assigned parking spot and a community laundry room with a tankless water heater. Camille Gardens offers the investor the opportunity to add further value by adding in-unit washer/dryers and private patios, renting out the large storage unit for additional income, and continuing the repositioning of the property to the high specification preferences of Silicon Valley technology employees.

Many large technology companies have operations in and around Mountain View including Google headquarters, Apple, LinkedIn, Amazon, Microsoft, and Intuit. The subject property feeds into Bubb Elementary and Graham Middle (Mountain View Whisman School District) and Mountain View High School (Mountain View Los Altos High School District).

Mountain View apartment rents and building values have increased significantly over the last several years. The robust high-tech job growth, shortage of housing units, income upside, rent growth, and proximity to technology employers make Camille Gardens a great opportunity for both the cash-flow and appreciation-minded investor.